Young researchers struggling to muster funds to establish their start ups have reason to smile - the government Monday set up a corpus of Rs.55 corer to help scientists convert their prototypes to tangible commercial products.The Rs.55 crore fund will be provided to startups registered with nearly 40 science and business 'incubators', which help researchers set up new companies, in the country during the 2010-11 financial year. These incubators help to take the laboratory prototypes to the masses as tangible products.
The fund will be managed by the Science and Technology Park in Pune, where the Indian Steps and Business Incubator Association (ISBA) secretariat is located.
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